Basler reports record 2011

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Basler has unveiled its 2011 annual report, which shows an increase in turnover of 8 per cent to 55.1m euros, and an increase in gross profit margin to 44.3 per cent (from 43.5 per cent).

The earnings before taxes increased to €5.6 million (previous year: €5.0 million). The pre-tax return amounted to 10.2 per cent (previous year: 9.8 per cent). This means that 2011 represented the best result in the company's history.

'Our new strategy alignment agreed upon three years ago with focus on the camera business continues to prove successful,' said Dr Dietmar Ley, chairman of the management board.

Against this background, Basler will propose to this year's general meeting the distribution of a dividend of 30 cent per share.

Due to the currently existing cyclical risks the management board opted for a cautious forecast. Accordingly, the Basler group expects in fiscal year 2012 stable to slight declining sales revenues within a range of €50.0 to €54.0 million. The company predicts an increase in revenue from digital cameras, but a decline in its solutions business due to the current weak demand from the LCD industry.

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